[jeff]

I have a question that I hope you can help me with…. I purchased the Becker CD’s and installed them on my PC. I have taken and passed all but one of the exams (BEC left).. I was checking to see if my software was up to date and noticed an expiration date of November 2013.. Does this mean my software ( downloaded from my CD’s) will no longer work after November….or will it no longer be supported but I can still take practice exams and do study questions etc?

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[Zaq]

I just got a mental image of COGS “absorbing” F.OH. Now I can never forget.

Thanks, Yama!

FAR: 50, 76!
REG: 74... (ouch baby, very ouch), 76!
AUD: 65, 91!?
BEC: 80! Aaaand doneskies!

May 2012 to August 2013. Can't believe it's over.

[Zaq]

I just got a mental image of COGS “absorbing” F.OH. Now I can never forget.

Thanks, Yama!

FAR: 50, 76!
REG: 74... (ouch baby, very ouch), 76!
AUD: 65, 91!?
BEC: 80! Aaaand doneskies!

May 2012 to August 2013. Can't believe it's over.

[Anonymous]

On the exam, do we have access to AL during the written communication?

[Anonymous]

On the exam, do we have access to AL during the written communication?

[ZSRizvi]

I have a question regarding retained earnings.

I was doing problems in the Wiley Test Bank and I just couldn't figure this one out.

“When computing the cost of capital, the cost of retained earnings should be…

Lower than external common equity

zero

great than common equity

equal to common equity”

I put down equal to common equity since in Becker it says that RE & Common Equity are the same (similar).

But the answer turned out to be “lower than external common equity.”

Could anyone explain why that is?

BEC (July 2013)
FAR (OCT 2013)
REG (NOV 2013)
AUD (JAN 2014)

The CPA Exam is an opponent that not even the Fellowship of the Ring would want to come across.

I have a long...long...journey ahead of me.

[ZSRizvi]

I have a question regarding retained earnings.

I was doing problems in the Wiley Test Bank and I just couldn't figure this one out.

“When computing the cost of capital, the cost of retained earnings should be…

Lower than external common equity

zero

great than common equity

equal to common equity”

I put down equal to common equity since in Becker it says that RE & Common Equity are the same (similar).

But the answer turned out to be “lower than external common equity.”

Could anyone explain why that is?

BEC (July 2013)
FAR (OCT 2013)
REG (NOV 2013)
AUD (JAN 2014)

The CPA Exam is an opponent that not even the Fellowship of the Ring would want to come across.

I have a long...long...journey ahead of me.

[Anonymous]

@ZSRizvi Because there are costs to issuing common stock (selling & floatation costs), so the cost is greater than straight up using the earnings of the company.

[Anonymous]

@ZSRizvi Because there are costs to issuing common stock (selling & floatation costs), so the cost is greater than straight up using the earnings of the company.

[Jennifer241]

The cost paid out to common shareholders should be lower than the book value of in external common equity, does that make sense? I think its a trick question. Makes you think about the equation, when really they are just saying that you aren't going to pay out more than or equal to what shareholders have paid in.

AUD - Jan 9,13 Pass
REG - Aug 30,13 Pass
BEC - Oct 26,13 Pass
FAR - Dec 4,13 Pass

Licensed CPA in the state of Oregon

[Jennifer241]

The cost paid out to common shareholders should be lower than the book value of in external common equity, does that make sense? I think its a trick question. Makes you think about the equation, when really they are just saying that you aren't going to pay out more than or equal to what shareholders have paid in.

AUD - Jan 9,13 Pass
REG - Aug 30,13 Pass
BEC - Oct 26,13 Pass
FAR - Dec 4,13 Pass

Licensed CPA in the state of Oregon

[CPAstateOfMind]

Hi Everyone!

I'm a newbie on the BEC forum, but I have been reading the previous posts and most of them have been really helpful in aiding my understanding of some of the topics I was having issues with. My exam is in two weeks. I am now in my review stage; answering MCQ and going through my notes to prepare for WC.

Does anyone have an easier way of understanding the C-V-P analysis charts? I understand the underlying concepts with Fixed costs and Contribution Margin, but whenever I see the graphs/charts I get really confused. Or is it such a minute area of the exam that I shouldn't worry about?

Also can anyone share any knowledge or resource they have about “Shared Services”, I tried to incorporate the CSO into my study plan, it mentions “Roles of shared services, outsourcing, and off-shore operations, and their

implications on business risks and controls” aicpa.com but my study materials didn't provide adequate information on Shared Services Centers.

Thanks 🙂

FAR - Passed
BEC - Passed
REG - Passed
AUD - Passed... DONE!!!

Ethics - Passed (December 2013)

[CPAstateOfMind]

Hi Everyone!

I'm a newbie on the BEC forum, but I have been reading the previous posts and most of them have been really helpful in aiding my understanding of some of the topics I was having issues with. My exam is in two weeks. I am now in my review stage; answering MCQ and going through my notes to prepare for WC.

Does anyone have an easier way of understanding the C-V-P analysis charts? I understand the underlying concepts with Fixed costs and Contribution Margin, but whenever I see the graphs/charts I get really confused. Or is it such a minute area of the exam that I shouldn't worry about?

Also can anyone share any knowledge or resource they have about “Shared Services”, I tried to incorporate the CSO into my study plan, it mentions “Roles of shared services, outsourcing, and off-shore operations, and their

implications on business risks and controls” aicpa.com but my study materials didn't provide adequate information on Shared Services Centers.

Thanks 🙂

FAR - Passed
BEC - Passed
REG - Passed
AUD - Passed... DONE!!!

Ethics - Passed (December 2013)

[ZSRizvi]

@bluegirl & @Jennifer241

Yes! I finally understand; the terminology was also a confusing factor.

Thank you for the prompt responses! 🙂

BEC (July 2013)
FAR (OCT 2013)
REG (NOV 2013)
AUD (JAN 2014)

The CPA Exam is an opponent that not even the Fellowship of the Ring would want to come across.

I have a long...long...journey ahead of me.

[ZSRizvi]

@bluegirl & @Jennifer241

Yes! I finally understand; the terminology was also a confusing factor.

Thank you for the prompt responses! 🙂

BEC (July 2013)
FAR (OCT 2013)
REG (NOV 2013)
AUD (JAN 2014)

The CPA Exam is an opponent that not even the Fellowship of the Ring would want to come across.

I have a long...long...journey ahead of me.

[Amay]

I am getting questions wrong simply because I am not seeing the “EXCEPT” in the question. I need to pay attention to these on EXAM DAY!!!

BEC: 73, 81
AUD: 85
FAR: 71, 77
REG: 74, 75...finally DONE! 😀

*This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

[Author]

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